Benzinga's Top Ratings Upgrades, Downgrades For August 30, 2022

Upgrades

• For Gap Inc GPS, Barclays upgraded the previous rating of Underweight to Equal-Weight. For the second quarter, Gap had an EPS of $0.08, compared to year-ago quarter EPS of $0.70. At the moment, the stock has a 52-week-high of $19.06 and a 52-week-low of $7.79. Gap closed at $9.48 at the end of the last trading period.
• For MakeMyTrip Ltd MMYT, B of A Securities upgraded the previous rating of Neutral to Buy. MakeMyTrip earned $0.05 in the first quarter, compared to $0.09 in the year-ago quarter. The current stock performance of MakeMyTrip shows a 52-week-high of $34.49 and a 52-week-low of $20.06. Moreover, at the end of the last trading period, the closing price was at $32.68.
• HSBC upgraded the previous rating for Pinduoduo Inc PDD from Hold to Buy. For the second quarter, Pinduoduo had an EPS of $1.13, compared to year-ago quarter EPS of $0.44. The current stock performance of Pinduoduo shows a 52-week-high of $72.19 and a 52-week-low of $23.21. Moreover, at the end of the last trading period, the closing price was at $66.04.
• According to B. Riley Securities, the prior rating for American Outdoor Brands Inc AOUT was changed from Neutral to Buy. For the fourth quarter, American Outdoor Brands had an EPS of $0.14, compared to year-ago quarter EPS of $0.34. At the moment, the stock has a 52-week-high of $20.47 and a 52-week-low of $7.10. American Outdoor Brands closed at $7.77 at the end of the last trading period.
• For Sealed Air Corp SEE, JP Morgan upgraded the previous rating of Underweight to Neutral. In the second quarter, Sealed Air showed an EPS of $1.01, compared to $0.79 from the year-ago quarter. At the moment, the stock has a 52-week-high of $70.72 and a 52-week-low of $53.35. Sealed Air closed at $54.47 at the end of the last trading period.
• JP Morgan upgraded the previous rating for Arco Platform Ltd ARCE from Neutral to Overweight. For the second quarter, Arco Platform had an EPS of $0.08, compared to year-ago quarter EPS of $0.12. The stock has a 52-week-high of $22.74 and a 52-week-low of $12.72. At the end of the last trading period, Arco Platform closed at $13.25.

See all analyst ratings upgrades.

Downgrades

• Credit Suisse downgraded the previous rating for Azure Power Global Ltd AZRE from Outperform to Underperform. Azure Power Global earned $0.13 in the third quarter, compared to $0.31 in the year-ago quarter. At the moment, the stock has a 52-week-high of $21.53 and a 52-week-low of $5.61. Azure Power Global closed at $5.85 at the end of the last trading period.
• For Genesco Inc GCO, Seaport Global downgraded the previous rating of Buy to Neutral. Genesco earned $0.44 in the first quarter, compared to $0.79 in the year-ago quarter. The stock has a 52-week-high of $72.34 and a 52-week-low of $48.54. At the end of the last trading period, Genesco closed at $61.75.
• HC Wainwright & Co. downgraded the previous rating for ObsEva SA OBSV from Buy to Neutral. For the second quarter, ObsEva had an EPS of $0.39, compared to year-ago quarter EPS of $0.28. The stock has a 52-week-high of $2.20 and a 52-week-low of $0.19. At the end of the last trading period, ObsEva closed at $0.21.
• For Cabaletta Bio Inc CABA, Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. Cabaletta Bio earned $0.45 in the second quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $4.07 and a 52-week-low of $0.90. At the end of the last trading period, Cabaletta Bio closed at $1.25.

See all analyst ratings downgrades.

Initiations

• RBC Capital initiated coverage on Northrop Grumman Corp NOC with an Outperform rating. The price target for Northrop Grumman is set to $550.00. In the second quarter, Northrop Grumman showed an EPS of $6.06, compared to $6.42 from the year-ago quarter. The current stock performance of Northrop Grumman shows a 52-week-high of $497.20 and a 52-week-low of $364.62. Moreover, at the end of the last trading period, the closing price was at $485.81.
• With a Buy rating, Alliance Global Partners initiated coverage on Aquestive Therapeutics Inc AQST. The price target seems to have been set at $10.00 for Aquestive Therapeutics. Aquestive Therapeutics earned $0.36 in the second quarter, compared to $0.33 in the year-ago quarter. The current stock performance of Aquestive Therapeutics shows a 52-week-high of $4.29 and a 52-week-low of $0.62. Moreover, at the end of the last trading period, the closing price was at $1.36.
• Jefferies initiated coverage on Enhabit Inc EHAB with a Buy rating. The price target for Enhabit is set to $20.00. At the moment, the stock has a 52-week-high of $23.51 and a 52-week-low of $11.65. Enhabit closed at $15.04 at the end of the last trading period.
• Canaccord Genuity initiated coverage on Spire Global Inc SPIR with a Buy rating. The price target for Spire Global is set to $3.50. At the moment, the stock has a 52-week-high of $3.62 and a 52-week-low of $1.12. Spire Global closed at $1.39 at the end of the last trading period.
• With a Buy rating, HC Wainwright & Co. initiated coverage on IN8bio Inc INAB. The price target seems to have been set at $14.00 for IN8bio. In the second quarter, IN8bio showed an EPS of $0.38, compared to $1.00 from the year-ago quarter. The current stock performance of IN8bio shows a 52-week-high of $4.98 and a 52-week-low of $1.75. Moreover, at the end of the last trading period, the closing price was at $1.98.
• HC Wainwright & Co. initiated coverage on Iris Energy Ltd IREN with a Buy rating. The price target for Iris Energy is set to $7.00. The current stock performance of Iris Energy shows a 52-week-high of $17.97 and a 52-week-low of $2.89. Moreover, at the end of the last trading period, the closing price was at $4.64.
• With a Buy rating, BTIG initiated coverage on FiscalNote Holdings Inc NOTE. The price target seems to have been set at $14.00 for FiscalNote Holdings. At the moment, the stock has a 52-week-high of $12.30 and a 52-week-low of $5.55. FiscalNote Holdings closed at $9.87 at the end of the last trading period.
• With an Outperform rating, RBC Capital initiated coverage on General Dynamics Corp GD. The price target seems to have been set at $275.00 for General Dynamics. General Dynamics earned $2.75 in the second quarter, compared to $2.61 in the year-ago quarter. The stock has a 52-week-high of $254.99 and a 52-week-low of $200.65. At the end of the last trading period, General Dynamics closed at $233.70.
• With a Sector Perform rating, RBC Capital initiated coverage on Leidos Holdings Inc LDOS. The price target seems to have been set at $106.00 for Leidos Holdings. For the second quarter, Leidos Holdings had an EPS of $1.59, compared to year-ago quarter EPS of $1.52. The stock has a 52-week-high of $111.12 and a 52-week-low of $81.07. At the end of the last trading period, Leidos Holdings closed at $97.23.
• With an Outperform rating, RBC Capital initiated coverage on L3Harris Technologies Inc LHX. The price target seems to have been set at $285.00 for L3Harris Technologies. In the second quarter, L3Harris Technologies showed an EPS of $3.23, compared to $3.26 from the year-ago quarter. The current stock performance of L3Harris Technologies shows a 52-week-high of $279.71 and a 52-week-low of $206.04. Moreover, at the end of the last trading period, the closing price was at $233.28.
• With a Sector Perform rating, RBC Capital initiated coverage on Lockheed Martin Corp LMT. The price target seems to have been set at $460.00 for Lockheed Martin. In the second quarter, Lockheed Martin showed an EPS of $6.32, compared to $6.52 from the year-ago quarter. The current stock performance of Lockheed Martin shows a 52-week-high of $479.99 and a 52-week-low of $353.03. Moreover, at the end of the last trading period, the closing price was at $429.68.
• Piper Sandler initiated coverage on European Wax Center Inc EWCZ with a Neutral rating. The price target for European Wax Center is set to $22.00. For the second quarter, European Wax Center had an EPS of $0.19, compared to year-ago quarter EPS of $0.29. The current stock performance of European Wax Center shows a 52-week-high of $33.31 and a 52-week-low of $16.30. Moreover, at the end of the last trading period, the closing price was at $20.44.
• With an Overweight rating, JP Morgan initiated coverage on Bowlero Corp BOWL. The price target seems to have been set at $17.00 for Bowlero. The current stock performance of Bowlero shows a 52-week-high of $13.09 and a 52-week-low of $6.96. Moreover, at the end of the last trading period, the closing price was at $11.12.

See all analyst ratings initiations.